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Litecoin (LTC) on the edge of mass adoption, the best time to invest

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Everybody in the cryptosphere is wondering which banks in the world are going to adopt a cryptocurrency for internal purposes (Stellar Lumens and Ripple’s XRP being the leading candidates) or which cryptocurrency will be chosen by banks as a viable option for clients and investors.

In this regard, everybody is thinking about Bitcoin, Ethereum and the top 7-10 big players in general. This trend of thinking only brings to the surface how unimaginative speculators are because nobody is thinking out of the box. What we mean is this: why is nobody wondering about which cryptocurrency project will buy its bank and disrupt both the financial and the crypto world?

Well, Charlie Lee, founder of Litecoin is thinking just that. Not just thinking. Mr. Lee used his Twitter account just a couple of days ago to announce that he is teaming up with TokenPay to buy a significant stake in Germany’s WEG bank. The idea behind this move is for Litecoin to get closer to terminal users, consumers, and give them an easy-to-use, and cheap way to get involved in Litecoins in real-life.

It’s a most exciting move. It’s creative, out-of-the-box, very ambitious and very intelligent. I’ve stated time and again that the most successful digital assets won’t necessarily be the ones with the best technology, the higher short-term price increases or any other of the usual parameters in which we measure a coin’s performance.

The cryptocurrencies that will take the market over will be those that find a way to be adopted in mass by solving real-life problems for real-life people. That is why projects like Stellar, Ripple or Tron have created so much interest despite the fact they’ve not been around for so long, and they’ve experienced bearish runs at times.

These are projects with a purpose. Stellar and Ripple aim to take over the international transfer market, while Tron wants to make the whole web decentralized by blockchain technology. And now, Litecoin seeks to become an everyday currency that you can use even without a computer, or without a digital wallet. Imagine you could apply for a Litecoin credit card or debit card and buy your cigarettes or visit Starbucks and pay it with Litecoin through your card.

This kind of development would give Litecoin (LTC) access to users with no digital expertise that doesn’t understand blockchain technology or the idea behind cryptocurrencies. It would connect a digital asset with average people in a way in which almost every current coin is very far away from achieving or even imagining. Of course, this kind of market penetration would give Litecoin a significant competitive advantage.

It would create the type of demand that doesn’t come from speculative forces but sheer everyday use by average people. End users won’t need to understand any technical concepts, they will see their transfer fees reduced dramatically, and they’ll love that for sure.

Litecoin (LTC) is all set to hit the moon

Let’s understand this clearly: so far the vast majority of crypto enthusiasts and investors are engineers, scientists, and IT people. If Litecon gets its way with this, then you could have construction workers, janitors and all kinds of people joining the cryptosphere, whether they know or understand it, or not. That would be nothing short of revolutionary.
This news alone makes the present a fascinating time to get a piece of the Litecoin action, but that’s not all.

Next August the mining difficulty for Litecoin will increase. It will change the game. Higher mining difficulty makes every block in the chain harder to calculate and thus the token production decreases. If this decrease in supply coincides with a boost in demand due to Litecoin’s real-life applications then it’s all Economics 101: the LTC price will skyrocket.

Then, on September, there’s the Litecoin global summit. As the event nears in time, hype and rumors about possible announcements will also boost its value. And who knows? There could be some significant announcements at that summit so we should all pay close attention.

So, in a nutshell: Litecoin (LTC) is developing the potential to become the first cryptocurrency that can be used by any non-technical average person anywhere in the world as a local currency that makes their lives easier, quicker, cheaper safer.

If the bank deal goes through then, Litecoin will become one of the most undervalued assets in the crypto markets, and it will rise steadily until it finds its correct balance point which could be as high as 1000 USD. Are you among those who had not taken Litecoin seriously so far? You should reconsider now. Are you among those who wanted to get into Litecoin but were somewhat undecided? Just dive in, this is the time to build your Litecoin (LTC) portfolio. Hurry up.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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